Transocean Ltd Announces $1.04 Billion In Contract Awards For Two Ultra-Deepwater Drillships

Transocean Ltd RIG:

• TRANSOCEAN LTD. ANNOUNCES $1.04 BILLION IN CONTRACT AWARDS FOR TWO ULTRA-DEEPWATER DRILLSHIPS

• TRANSOCEAN LTD - DEEPWATER CORCOVADO WAS AWARDED A FOUR-YEAR CONTRACT, WHICH CONTRIBUTES AN ESTIMATED $583 MILLION IN BACKLOG

• TRANSOCEAN LTD - DEEPWATER ORION WAS AWARDED A THREE-YEAR CONTRACT, WHICH CONTRIBUTES AN ESTIMATED $456 MILLION IN BACKLOG

• TRANSOCEAN LTD - DEEPWATER CORCOVADO CONTRACT IS EXPECTED TO BEGIN IN Q3 OF 2023

• TRANSOCEAN LTD - DEEPWATER ORION CONTRACT EXPECTED TO COMMENCE DURING THE FOURTH QUARTER OF 2023